Guess Who Picked Lennar Corporation (NYSE:LEN.B) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Lennar Corporation (NYSE:LEN.B) reported that GAMCO Investors has picked up 1,257,741 of common stock as of 2017-03-29.

The acquisition brings the aggregate amount owned by GAMCO Investors to a total of 1,257,741 representing a 4.02% stake in the company.

For those not familiar with the company, Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily. It is a developer of multifamily rental properties. Its Homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development and sale of residential land. It operates primarily under the Lennar brand name. The Lennar Financial Services segment includes mortgage financing, title insurance and closing services for both buyers of its homes and others. The Rialto segment is a real estate, investment management, and finance company. The Lennar Multifamily segment focuses on developing a portfolio of institutional multifamily rental properties in the United States markets.

A glance at Lennar Corporation (NYSE:LEN.B)’s key stats reveals a current market capitalization of 11.74 Billion based on 31.30 Million shares outstanding and a price at last close of $40.78 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-01-15, Olivera picked up 248 at a purchase price of $40.85. This brings their total holding to 4,708 as of the date of the filing.

On the sell side, the most recent transaction saw Olivera unload 166 shares at a sale price of $42.93. This brings their total holding to 4,542.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Lennar Corporation (NYSE:LEN.B) as things move forward to see if its progress aligns with these transactions.

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